Taseko Mines Ltd. (TSX: TKO) is suing the federal government in B.C. Supreme Court and seeking unspecified compensation for a 2014 decision that blocked development of a proposed $1.5 billion gold and copper deposit.
It was mushrooms that brought Shawn Ryan to the Yukon, but gold that secured his fortune and reputation. Specifically, soil sampling leading to the discovery of gold, millions of ounces of it.
Teck Resources and Freeport-McMoRan led a mining stock rally on Friday as surging oil prices provided relief for their foray into energy before prices tumbled.
The gold miners’ stocks are rocketing higher again, multiplying wealth for smart contrarian traders who bought them low in recent months. But after such a blistering surge, traders are naturally wondering how much farther gold stocks can run.